tech bubble

9 Stories

Pandora Shares Soar in IPO

It's the latest in a new wave of Internet coming out parties

(Newser) - The shares of popular but unprofitable Internet radio service Pandora soared more than 50% in its market debut. Its shares rose as high as $26 in early trading this morning, up from its offering price of $16 and valuing Pandora Media Inc. at more than $4 billion. That is easily... More »

Pandora Jacks IPO to $161.5M

Betting on LinkedIn-esque investor frenzy

(Newser) - This is getting to be one pricey box to open: Pandora has jacked the price of its hotly anticipated IPO to $161.5 million, reports the New York Post, up from a slightly more modest $109.5 million last week and $100 million in February. The stock market may be... More »

Your LinkedIn Lesson: Quick, Move to Silicon Valley

The dot-com madness is upon us again: Brett Arends

(Newser) - Investors went nuts over LinkedIn's IPO today —it more than doubled to close at $94.25 per share. What might you take from this? "Quit your job, move to Silicon Valley, and start a venture to compete with LinkedIn," writes Brett Arends at MarketWatch . After all,... More »

Early Facebook Investors Want Out

A group, including employees, looks to dump shares

(Newser) - In a sign of increasing wariness among Facebook's earliest investors, a group of shareholders is looking to dump $1 billion worth of shares in the social networking company. The sale would value Facebook at more than $70 billion, five sources tell Reuters . The group, which includes Facebook employees, tried... More »

When It Comes to Tech Bubbles, 2011 Is Not 2000

...because 2010 was not 1999

(Newser) - With more money pouring into tech funds and some huge valuations for IT companies, there are more and more signs that we're in another tech bubble . But there are also some big differences, notes the New York Times , which compares the tech boom of 1999 with that of 2010. For... More »

Stocks Finish Worst Decade Ever

Yes, even worse than the 1930s

(Newser) - Unless something really drastic happens in the next few days, the 2000s will be the worst decade in recorded stock market history—and that’s going back to 1820, folks. You would have been better off putting your money under your mattress than investing in stocks in 1999; since then,... More »

Google Taps Quattrone for Yahoo Advice

It's his first high-profile post since legal troubles last year

(Newser) - Google has hired controversial former dot-com banker Frank Quattrone to advise the company on its increasingly complicated role in Yahoo’s takeover drama, the New York Times reports. It’s Quattrone’s first high-visibility gig since his obstruction-of-justice conviction was overturned last year. Google CEO Eric Schmidt is a longtime... More »

Ex-Qwest CEO's Conviction Overturned

Exclusion of expert testimony nets Nacchio new trial

(Newser) - A federal appeals court overturned Joe Nacchio’s guilty verdict today and ordered a new trial for the ex-Qwest CEO before a different judge, the Denver Post reports. The court ruled that the district judge who presided over Nacchio's trial on insider trading charges erred in excluding testimony from an... More »

How Obama Is Like a Dot-Com

Politics of hope are a bubble waiting to burst

(Newser) - Barack Obama may be generating excitement across America, but so did tech stocks during the late-'90s bubble, writes Der Spiegel’s Gabor Steingart. "The rhetoric all sounds strangely familiar," he warns, comparing Obama’s campaign to that absurd era in the market’s history. Just as the bubble... More »

9 Stories